SNCR

Fuel Tech Awarded Air Pollution Control Orders Totaling $2.1 Million

Retrieved on: 
Monday, March 11, 2024
Technology, Manufacturing, Other Energy, Nuclear, Utilities, Other Technology, Other Manufacturing, Oil, Gas, Alternative Energy, Energy, Engineering, Municipal solid waste, SCR, Natural gas, Growth, APC, Metal, Selective non-catalytic reduction, Carbon, Corrosion, FUEL, NOx, SNCR, CHEM, Ammonia, Urea, Coal

Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced the receipt of air pollution control (APC) and Chemical Technologies orders from new and existing customers in Europe, the US and the Caribbean.

Key Points: 
  • Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced the receipt of air pollution control (APC) and Chemical Technologies orders from new and existing customers in Europe, the US and the Caribbean.
  • The first order is for a natural gas and process gas fired heater used at a chemical processing plant.
  • Fuel Tech’s SNCR technology is a proven solution for utility and industrial combustion unit owners looking to comply with more stringent NOx control requirements.
  • Fuel Tech’s range of technologies continues to provide value to support the needs of a wide range of industrial and utility operations.”

Fuel Tech Reports 2023 Fourth Quarter and Full Year Financial Results

Retrieved on: 
Monday, March 11, 2024
Other Energy, Utilities, Oil, Gas, Nuclear, Sustainability, Alternative Energy, Energy, Technology, Environment, Green Technology, Engineering, Other Technology, Manufacturing, SCR, FGC, Interest, DGI, APC, Upcoming, FUEL, Adjustment, SNCR, ULTRA, Investment, CHEM, Weather

Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the fourth quarter (Q4) and full year ended December 31, 2023.

Key Points: 
  • Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the fourth quarter (Q4) and full year ended December 31, 2023.
  • Our APC backlog at December 31, 2023 was $7.5 million, up from $5.6 million at September 30, 2023.
  • As expected, revenues at our FUEL CHEM® segment declined year-over-year for both the fourth quarter and full year 2023, with warmer weather across the US impacting unit dispatch; however, segment gross margin was essentially unchanged and at historic levels.
  • Adjusted EBITDA loss was $(0.6) million in Q4 2023 compared to Adjusted EBITDA loss of $(0.3) million in Q4 2022.

180 Degree Capital Corp. Notes Average Discount of Net Asset Value Per Share to Stock Price for Second Month of Initial Measurement Period of its Discount Management Program

Retrieved on: 
Friday, March 1, 2024
SNCR, NAV, History, Share repurchase, Partnership

“Our momentum from January continued into February 2024,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.

Key Points: 
  • “Our momentum from January continued into February 2024,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
  • “We believe our collaborative efforts with SNCR are just the start of a productive partnership.
  • We believe our fellow common stockholders would be very supportive of the appointment of a highly qualified, independent director such as Matthew McLaughlin to SCOR’s Board.
  • We urge SCOR’s Board to work with us to determine a path for Mr. McLaughlin to join SCOR’s Board without the need for a proxy fight.

Synchronoss to Unveil New Version of AI-Powered Personal Cloud Platform at Mobile World Congress

Retrieved on: 
Wednesday, February 21, 2024
Cloud, SoftBank Group, Light, BackTrack, Churn, Artificial intelligence, Mobile, System, Mobile World Congress, ARPU, Verizon Communications, Privacy, SNCR, AT&T, CES, Congress, Personal cloud, OTT, Video game

BRIDGEWATER, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced it will showcase the latest version of Synchronoss Personal Cloud at Mobile World Congress on February 26-29, 2024, in Barcelona, Spain.

Key Points: 
  • BRIDGEWATER, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced it will showcase the latest version of Synchronoss Personal Cloud at Mobile World Congress on February 26-29, 2024, in Barcelona, Spain.
  • Purpose-built for telecom operators and mobile service providers, Synchronoss Personal Cloud delivers a robust platform to backup and manage files, photos, videos, and digital content stored on mobile phones and other devices.
  • “We’re looking forward to unveiling the latest evolution of the Synchronoss Personal Cloud platform at Mobile World Congress,” said Jeff Miller, President and CEO of Synchronoss.
  • The new features of Synchronoss Personal Cloud are being rolled out to millions of subscribers, including cloud users at AT&T, Verizon, and SoftBank.

180 Degree Capital Corp. Reports Net Asset Value per Share (“NAV") of $5.02, Comprised of 99% Cash and Public Securities, as of December 31, 2023

Retrieved on: 
Tuesday, February 20, 2024
Comscore, Investment, NAV, Growth, SNCR, Complementarity, Security (finance)

“The fourth quarter of 2023 was the start of what we believe will be a return to risk asset classes, including the microcapitalization stocks in which we invest,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.

Key Points: 
  • “The fourth quarter of 2023 was the start of what we believe will be a return to risk asset classes, including the microcapitalization stocks in which we invest,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
  • “Our +6.9% gross total return in our public portfolio was the primary contributor to the growth of our net asset value per share (“NAV”) from $4.91 to $5.02.
  • Our assets on our balance sheet are now almost 100% comprised of investments in public companies and cash1.
  • We collectively own almost 12% of 180 Degree Capital’s outstanding shares, and this ownership continues to grow solely through open market purchases.

180 Degree Capital Corp. Notes Appointment of Kevin M. Rendino to the Board of Directors of Its Portfolio Company, Synchronoss Technologies, Inc.

Retrieved on: 
Tuesday, December 5, 2023
Cloud, SNCR, Verizon Communications, SoftBank Group, Growth, Sale, Management

MONTCLAIR, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180” and the “Company”), today noted the appointment of its Chairman and Chief Executive Officer, Kevin M. Rendino, to the Board of Directors of Synchronoss Technologies, Inc. (“SNCR”), a portfolio holding of 180.

Key Points: 
  • MONTCLAIR, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180” and the “Company”), today noted the appointment of its Chairman and Chief Executive Officer, Kevin M. Rendino, to the Board of Directors of Synchronoss Technologies, Inc. (“SNCR”), a portfolio holding of 180.
  • “Our original investment thesis was that SNCR’s cloud business was deeply undervalued by the public markets in part due to the overhang of its less profitable non-core assets.
  • His extensive financial expertise and strategic acumen will be additive to our current board and helpful in guiding us toward a future of sustainable, profitable growth.
  • We look forward to his contributions as we focus on unlocking the full potential of our Cloud operations.”

180 Degree Capital Corp. Establishes Discount Management Program And Reports Net Asset Value Per Share (“Nav”) Of $4.91, Comprised Of 97% Cash And Public Securities, As Of September 30, 2023

Retrieved on: 
Monday, November 13, 2023
SNCR, EBITDA, NAV, Potbelly Sandwich Shop, Risk, Hope, TRIO, IVAC, Intevac, NAV2, Growth, 5-hour Energy, Certification, Greenbriar Capital Corp, Bank, Corning

“The third quarter of 2023 was challenging for 180 and the public markets as a whole,” said Kevin M. Rendino, Chief Executive Officer of 180.

Key Points: 
  • “The third quarter of 2023 was challenging for 180 and the public markets as a whole,” said Kevin M. Rendino, Chief Executive Officer of 180.
  • Since 2017, the legacy business accounted for decreases in value of $2.28 per share, versus the increase in value of $2.77 per share in our current strategy.
  • Intevac, Inc., (IVAC) is in the final stages of certification for its new TRIO tool with its partner, Corning.
  • The table below summarizes 180’s performance over periods of time through the end of Q3 20233:

 Fuel Tech Reports 2023 Third Quarter Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Other Energy, Utilities, Oil, Gas, Nuclear, Coal, Alternative Energy, Energy, Technology, Other Manufacturing, Engineering, Other Technology, Manufacturing, Consolidated, CHEM, Adjustment, ET, Vehicle, TMA, DGI, SNCR, EBITDA, Upcoming, FUEL, ULTRA, APC, Interest, SCR, Investment, Aquaculture, Renewable energy, Beauty salon, Video game, Security (finance)

Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the third quarter ended September 30, 2023 (“Q3 2023”).

Key Points: 
  • Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the third quarter ended September 30, 2023 (“Q3 2023”).
  • “FUEL CHEM operations normalized during Q3 2023 as the unit downtime we experienced in the second quarter of 2023 (“Q2 2023”) caused by temporary maintenance activities and unplanned outages substantially abated.
  • The client reported excellent results from taste tests by local chefs including an absence of trimethylamines (TMA) within the harvest.
  • Adjusted EBITDA was $0.4 million in Q3 2023 compared to Adjusted EBITDA of $0.4 million in Q3 2022.

Fuel Tech Awarded Air Pollution Control Orders Totaling $2.6 Million

Retrieved on: 
Monday, November 6, 2023
Utilities, Oil, Gas, Nuclear, Coal, Alternative Energy, Energy, Technology, Environment, Green Technology, Engineering, Other Technology, Manufacturing, Ammonia, ESP, Urea, SNCR, NOx, ULTRA, APC, Selective catalytic reduction, SCR, Overalls, Electrostatics

Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced the receipt of multiple air pollution control (APC) contracts from new and existing customers in the US and South Africa.

Key Points: 
  • Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced the receipt of multiple air pollution control (APC) contracts from new and existing customers in the US and South Africa.
  • These awards support projects serving various end markets and have an aggregate value of approximately $2.6 million.
  • A second ULTRA contract from this same customer is for a gas-fired package boiler which can be used at multiple customer locations.
  • Fuel Tech’s SNCR technology is a proven solution for utility and industrial combustion unit owners looking to comply with more stringent NOx control requirements.

180 Degree Capital Corp. Affirms $6.22 Net Asset Value Per Share (“NAV”) as of June 30, 2023, and Notes Potential Pending Catalysts it Believes Can Lead to Increases in NAV in Future Quarters

Retrieved on: 
Monday, August 14, 2023
SNCR, Greenbriar Capital Corp, NAV, IVAC, SCOR

MONTCLAIR, N.J., Aug. 14, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180” and the “Company”), today reported its financial results as of June 30, 2023, and additional developments from the third quarter of 2023.

Key Points: 
  • MONTCLAIR, N.J., Aug. 14, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180” and the “Company”), today reported its financial results as of June 30, 2023, and additional developments from the third quarter of 2023.
  • The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results .
  • “As noted in our release on July 20, 2023, our NAV as of the end of Q2 2023 was $6.22,” said Kevin M. Rendino, Chief Executive Officer of 180.
  • “We continue to believe there are a number of catalysts within our current portfolio companies that could lead to material increases in our NAV in the future.